13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Michael Burrys current investments also lie in Uniti Group Inc., which makes a contribution of 6.08% of Michael Burrys portfolio, valuing up to $8,504,000. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a California-based company that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Read more:We put 7 burning questions to top economist David Rosenberg. Michael Burry Portfolio and News | GuruFocus Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Burry first bought a stake in NOW Inc. (NYSE:DNOW) in the fourth quarter of 2020. The company has been thriving since 1993 and is venturing into Canada too. It deals with providing the best investments to its clients to raise the status of their portfolios by giving them guidance on what products to choose. The forward yield was 2.65%. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. According to Insider Monkeys third quarter database, 26 hedge funds were bullish on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with combined stakes worth $704.2 million. 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. Keith Meisters, Baron Funds made the following comment about MGM Resorts International (NYSE:MGM) in its Q3 2022 investor, According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier quarter. Fundamental company data provided by Morningstar, updated daily. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Portfolio Period: Q3 13F Filing of 2022, Michael Burrys Portfolio Value: $41.30M, Read More: What Companies Does Volkswagen Own. Michael Burry did not buy any new stocks in the current portfolio. You can get rich by returning 20% per year and compounding that for several years. Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor letter: Footwear and apparel company Wolverine World Wide, Inc. (NYSE:WWW) underperformed as softer demand and elevated inventory levels have necessitated higher-than-expected promotional activity, weighing on near-term profitability. He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. The value of Burry's portfolio jumped from about $3 million to over $41 million. Michael Burry did not buy any new stocks in the current portfolio. It has its workload revolving around acquisition and construction. It provides internet, video, mobile, and voice services through a subscription-based model, as well as a range of broadband connectivity services such as fixed internet, WiFi, and mobile, along with a security suite. "Difference between now and 2000 is the passive investing bubble that inflated steadily over the last decade. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. Michael Burry's 2022 Portfolio: Top 5 Stock Picks According to Insider Monkeys third quarter database, 53 hedge funds were long MGM Resorts International (NYSE:MGM), compared to 46 funds in the prior quarter. Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks 'Big Short' legend Michael Burry invested in Bed Bath & Beyond at least Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. We initially share this idea in October 2018 and the stock already returned more than 150%. 'Big Short' investor Michael Burry warns of 'terrible consequences for Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Indicates the relationship between the price performance of a share and the market. Alibaba Group (BABA) Q3 2023 Earnings Call Transcript, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Even though Burry has repeatedly dismissed the hype around cryptocurrencies, he has since clarified that he has not been betting against them. Copyrights 2021-2023 Valuesider All rights reserved. . We put 7 burning questions to top economist David Rosenberg. Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that manufactures, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. In Michael Burry's portfolio as of 31 Dec 2022, the top 5 holdings are (GEO) GEO GROUP INC/THE (25.02%), (BKI) BLACK KNIGHT INC (19.90%), (COHR) COHERENT CORP (11.31%), (BABA) ALIBABA GROUP HOLDING-SP ADR (9.46%) and (JD) JDCOM INC-ADR (9.05%). We selected the 13 stocks from Michael Burrys Q4 2022 portfolio which he either sold off entirely, trimmed his position in, or added to his holdings during the quarter. Performance. 9.47% 3-Year Performance. According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier quarter. On February 2, SkyWest, Inc. (NASDAQ:SKYW) reported its fourth quarter results, falling short of Wall Street consensus. Scion Asset Management, LLC has disclosed 9 total holdings in their latest 13F filing with the SEC for the portfolio Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. We believe the financial strength of our holdings is far above the typical energy company. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The idea between these securities is risk was "supposed" to be diversified. And it means its going to be harder than ever to hold onto any money you make. Further, strategic acquisitions (LMT acquired AJRD for $4 billion in late December), debt pay down, a 3% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns.. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. At its recent price of only $30 per share, we believe MGMs valuation is compelling at only 6 times 2023 estimated cash flow., Scion Asset Managements Stake Value: $3,892,184. He added to the stake by 71% during the second quarter of 2021, buying nearly a million shares at an average price of $320 per share before selling off the position entirely during the third quarter. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. 'Big Short' Star Michael Burry Bought Alibaba, MGM, JD.com Stock in Q4 Burry recently. Warren Buffett took 25% of all returns in excess of 6 percent. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in NOW Inc. (NYSE: DNOW) with 5.3 million shares worth more than $40 million. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. At least in BBBY's case, he was right on the money. The investor of "The Big Short" fame bought 50,000 . What did Warren Buffett Add to his Portfolio? | by Viranchi Aggarwal In which he had credit default swap short positions against "Mortgage Backed Securities. Qurate Retail Group is an American company, immersed and actively engaged in media usage to run a business venture. Read the original article on Business Insider. According to Insider Monkey's data, 25 hedge funds were bullish on Qurate Retail, Inc. (NASDAQ:QRTEA) as of the end of September 2022, compared to 24 funds in the earlier quarter. , is behind the latter. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. Price to Book Ratio is the Market cap divided by the Book value of the company. Widely known to function as a telecommunications company, Lumen Technologies is a company based in America. 10 Best Stocks to Buy According to Michael Burry - Yahoo! Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. Michael Burry, the prescient investor of "The Big Short" fame, issued a slew of dire predictions in 2022. He was right, This was the 2008 Financial Crisis, Housing Bubble which resulted in the collapse of Lehman brothers investment bank & a major stock market crash! Michael Burry Stock Portfolio: 10 Stocks He Sold Wall Street doomsayer Michael Burry scooped up a handful of select companies - months after the hedge fund titan dumped his entire stock portfolio. So, what did Michael Burry invest in for Big Short? At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Despite the bets on a select few companies, Burry has issued several dire warnings to investors this year, likely in response to the stock market's breathless rally in recent weeks. Hedge Fund Portfolio Manager Performance 22Q4 AUM # of Holdings Performance Rank Allocation ; Scion Asset Management: Michael Burry: 22.59%: $46538000: 9 It is safe to say, it can also produce world-class SSDs thereby, having close competition with Micron Technology, as well as Seagate Technology. Burry's purchases suggest he remained bullish last quarter. Follow the Stock Picks of Top Hedge Fund Manager Michael Burry When energy companies reduce activity, NOW suffers. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. In November, he surfaced on Twitter to remind his followers that Musk, who had been selling his Tesla, Inc. (NASDAQ:TSLA) stock as part of a plan to showcase his commitment to charity, just liked selling his stock because it was trading too high. He likely had no inkling that retail investors, eager to make some fast money and punish hedge funds, would pile into the stock and send it skyward. Michael Burry dumps stock portfolio after market crash warnings As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. The companies that featured in the Scion Asset Management portfolio in filings for the first, second, and third quarter of 2021 were selected and sorted based on the gains in share price in 2021. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and Harris Associates held the biggest position in the company, comprising 4.3 million shares worth $1.3 billion. It has been a favorite hedge fund stock for years. 14 min read. DISCA contributes largely to his investments, having a numeral share of 5.38% and a value of $7,523,000. is originally published on Insider Monkey. Among the hedge funds being tracked by Insider Monkey, New York-based firm. As early as February 2021, when the post-pandemic economic recovery had yet to fully take-off, Burry took to Twitter to sound the alarm bells over a historic crash, noting that the markets were dancing on a knifes edge as valuations soared and debt margins increased. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. Naturally, that made his net worth go up. Other products are safety supplies, drills, and paints. Ken Griffins, According to Insider Monkeys data, 14 hedge funds held stakes worth $58.4 million in Liberty Latin America Ltd. (NASDAQ:LILA) at the end of September 2022, compared to 20 funds in the prior quarter worth $77.4 million. Registration on or use of this site constitutes acceptance of our. Now Inc an American company whose parent company is Distribution Now makes 7.7% of his portfolio. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. We have mentioned the stocks Burry sold first, and ranked the remaining list in ascending order of his stake value. Cost basis and return based on previous market day close. The services falling under communications are voice coverage over a long-range, broadband, and ethernet provision, among others. It is also in the lead of the mobile and social commerce race. According to the analyst, there were high expectations for MGM Resorts International (NYSE:MGM)s performance on the strip, but the company exceeded them with ease. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. He then proceeded to reduce that position by almost half in the first quarter of 2021 and sold it off completely during the second quarter. Other types of investors are foundations and trusts, businesses, and family offices. He has also cautioned that the Fed may hesitate to intervene in order to support asset prices, as it could intensify inflation. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. Scion Asset Management's public equity portfolio is heavily concentrated. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." It has shown grand returns - as latest as reported in 2022, Dr. Michael Burry's holdings and portfolio are as large as approximately $104 million in AMU. Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Several elite hedge funds are bullish on the company as a new fiscal year begins. date of 2022-12-31. Unlike Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Michael Burry got rid of his position in Rocketdyne Holdings, Inc. (NYSE:AJRD) during the last quarter of 2022. The Kraft Heinz Company (NASDAQ:KHC) makes and sells food and beverage products. The company sells these stocks too, which generally are pipes, valves, tools, and instruments. 1-Year Performance. Reported price - this doesn't represent the actual buy or sell price.It is the split-adjusted price of the security as of the last day of the reported period. He offered a one-word piece of advice in late January: "Sell." Burry isn't the only notable investor to show interest in BBBY. Click to continue reading and see Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. Stocks of Now Inc. include products that cater to the needs of up and downstream and midstream. The company is a new holding in the portfolio of Scion Asset Management. The Geo Group is best known to own the immigrant detention centers in The United States. In his research note titled "Aerospace & Defense 2023 Outlook - We Favor Defense and Aero Aftermarket," he recommends a cautious approach due to the challenges that impacted the sector in 2022, which are expected to continue in 2023, including the possibility of a recession, ongoing supply chain pressures, and uncertainties regarding COVID recovery. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. GuruFocus.com is not operated by a broker or a dealer. Is Alibaba Stock a Buy After Q4 Earnings? The hedge fund of the latter has a very bullish stance on Musk and Tesla, Inc. (NASDAQ:TSLA). It also provides mental health and rehabilitation facilities. Burry stopped betting against Cathie Wood's ARK and Tesla. If you want to skip our detailed analysis of these stocks, go directly to the, Michael Burry, the legendary investor who rose to fame after predicting the financial crisis of 2007 and profiting from the collapse of the housing market a feat that was later turned into a Hollywood film named. We utilize no bright-line tests in such evaluations. Despite his education in both economics and medicine, Burry currently chooses to practice the former. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), and Discovery, Inc. (NASDAQ:DISCA), among others. To see Scion Asset Management's original 13F reports (2022 Q4), please click on the "important" button. Burry's Scion firm held a $8 million stake in September 2019, and a $10 million stake in June 2020. It's interesting to look at how Burry has constructed his portfolio to prepare for a stock market crash. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. However, the ratio is difficult to compare between industries where common amounts of debt vary. Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Meme-stock specialist and GameStop chairman Ryan Cohen built a nearly 10% stake in the first quarter of last year, fueling hopes he might engineer a comeback for the retailer. It is one of the most popular stocks among hedge funds. *Stock prices used were the afternoon prices of Feb. 14, 2023. 10 stocks we like better than Alibaba Group. Michael Burry has suggested that the current surge in stocks resembles the dot-com bubble and could end in a similarly devastating crash. Of the six clients of the firm, one is an insurance company, and the rest are private investment funds. Ratio between share price and earnings per share. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. , an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. "It's time memesters look up what a death spiral convertible is," he said. 5 Stocks to Buy Based on Michael Pausic's Foxhaven Asset Management Portfolio 5 Stocks to Buy According to David Fear's Thunderbird Partners, Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider, 5 Best Stocks to Buy Today According to Value Investor David Abrams, Senator John Hickenlooper Latest Portfolio: 3 Stocks to Watch, 5 Best Stocks To Buy According To Terry Smith's Fundsmith LLP. Michael Burry is an American investor, and hedge fund manager. 56% of Michael Burry's $47 Million Portfolio Is Invested in Just 3 The Motley Fool has a disclosure policy. Our largest energy holding is Helmerich & Payne, the nations largest drilling contractor. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The analyst advised investors to focus on defensive, high-quality, and recession-resistant companies, with a specific emphasis on those that are expected to perform relatively better. Based on the available facts and information regarding the operating results of Kraft Heinz, our ability and intent to hold the investment until recovery, the relative amount of the decline and the length of time that fair value was less than carrying value, we concluded that recognition of an impairment loss in earnings was not required.